Perestroika: Social Capital and the Market

The social management mechanism that formed with the aim of forcibly industrializing the nation began to exert an increasingly negative impact on the course of reproduction in the postindustr-ial economy. The principal manifestation of mis influence was the progressive deceleration of the turnover of and the simultaneous decline of the effectiveness of productive capital. The beginning of this phenomenon coincides with me culmination of the industrialization of the national economy in the late 1950s and early 1960s, to which a slowdown in the turnover time of working capital was added from the mid-1970s. Reforms mat did not go beyond the framework of the traditional model of management, eimer deliberately (as in 1965 and 1979) or in effect (1987), produced only short-term results at best.